Message from @Maksim
Discord ID: 685758086702432267
The top tax rate was also 90%
Something I imagine you're opposed to
How would you completely stop outsourcing, and allow a single person to work and support such a life
While keeping the population safe, educated, and healthy
That was the top marginal tax rate. It only applied to the dollars earned above 300,000 dollars or something. It wasn't the total tax rate for people in the highest income bracket.
You used to be able to raise a family with a good standard of living on a single working class wage in America
I am no expert in the US economy at the time, I only know from Germany that its market was definitely freer. With us, it was the same however, in 1950 you could raise a family with a working class wage, now you need two parents who are academicians. Here, taxes are to blame for that. You already pay 50% total taxes if your income is above 5k, which is a higher middle class income
A steeply progressive tax rate id argue is needed
90% top
5% on below 30k and 0% for those just entering the work force
Such as 16-21 year olds
(economics are extremely boring)
They are still essential
True.
@Koninos They are but necessary, but there are more important things I'd argue
A king who focuses on the economy only is a bad kind
King
There's a verse on it
Hold up
When the king is concerned with justice, the nation will be strong, but when he is only concerned with money, he will ruin his country.
Proverbs 29:4
A good person knows the rights of the poor, but wicked people cannot understand such things.
Proverbs 29:7
We feel the effects of bracket creep now. It's why I can't take programs serious that talk about only taxing the super-rich. That's what all tax codes wanted to do, and yet here we are, with middle class earners paying the top rate
What is allowing taxes to creep to the middle class
And why are the rich being taxrd less
Genuine question I don't know
I'd wager it's the rich lobbying or having favors done but nothing to confirm
It means that as nominal income rises, people move into the higher tax brackets, even though their real income has stayed the same or even decreased
Too many brackets imo
3-5 brackets max
States are greedy, more greedy than any corporation I ever dealt with. You know how I feel? I feel that my state hates me
And hates my entire family
You are confusing the state with politicians
Everyone talks about taxing the rich as if they were all thieves, and here I am, taxed like I was rich. What can I conclude, except that the state regards me as a thief?
We have politician-states
The problem is politicians
Not the state within of itself
The state produces them
No
Corruption and Money do
Money is the root of all evil, follow the money and you find the evil
If you believed that, you wouldn't beg the rich for their money